OFF MARKET

607/74 Northbourne Avenue
Braddon ACT 2612

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 80m2
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Last updated 11 Nov 2024
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Property Details for 607/74 Northbourne Ave, Braddon

607/74 Northbourne Ave, Braddon is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a floor size of 80m2.

Building Type
Unit
Year Built
1994
Floor Size
80m2
Local Government
Canberra Central

Last Listing description (May 2020)

One of the best investment opportunities you will find in the heart of the Canberra CBD is on offer with this huge 2-bedroom unit overlooking Braddon and Mt. Ainslie.

Offers like this don't come often, with a well-kept apartment boasting new furniture you can secure an incredible investment to start or strengthen your portfolio with a monthly rent of $2,640 guaranteed in your pocket regardless of the number of guests per month and no stress with organising maintenance or cleaning which is all done by Adina Serviced Apartments.

This is simply a great chance to own a property that you don't have to manage at all but will give you a fantastic return each and every month plus with a whole team of people looking after the property it is always like new. Adina also boasts some of the best amenities in the City with a full gym, a 20m pool, spa/Jacuzzi and sauna which helps keep a constant booking schedule.

This particular unit has also been totally refurbished with just under $6,000 being spent on upgrades in the past years.

Another saving to you is Adina will also be responsible for contents insurance which also boosts the fact that this is ideal for any savvy investor or if you'd like to manage the property yourself, move in or use the property for AirBnB, simply provide 3 months' notice to Adina and you can choose what best suits your needs.

Don't wait, call your bank or mortgage broker and contact either Milo or Alex today for more information

KEY FEATURES:

• Gym, Sauna, Jacuzzi & Pool
• Furniture & appliances offered
• Guaranteed monthly rent of $2,640
• No management by owner
• Services of Adina included (dry cleaning, in room Doctor, in-room massages, business services)
• Contents insurance paid by Adina Serviced Apartments

Rates $1,758.54
Land Tax $ 2,027.06

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Property History for 607/74 Northbourne Ave, Braddon, ACT 2612

A timeline of how this property has performed in the market
  • 17 Feb 2020
    Listed for Sale Offers above $490,000

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About Braddon 2612

The size of Braddon is approximately 1.5 square kilometres. It has 5 parks covering nearly 15.2% of total area. The population of Braddon in 2011 was 4,556 people. By 2016 the population was 5,507 showing a population growth of 20.9% in the area during that time. The predominant age group in Braddon is 20-29 years. Households in Braddon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Braddon work in a professional occupation. In 2011, 28.8% of the homes in Braddon were owner-occupied compared with 29.2% in 2016.

Braddon has 5,968 properties. Over the last 5 years, Houses in Braddon have seen a 26.58% increase in median value, while Units have seen a 25.94% increase. As at 31 October 2024:

  • The median value for Houses in Braddon is $1,240,109 while the median value for Units is $526,227.
  • Houses have a median rent of $570 while Units have a median rent of $600.
There are currently 47 properties listed for sale, and 38 properties listed for rent in Braddon on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Braddon.

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